You don’t really need a lot of money to start a business. Over 60% of small business owners launched their first business with less than $25,000.
What you need to launch a small business is a business plan, an understanding of your demographic, good advice from professionals, and an exhaustive drive to learn from your mistakes.
Are you ready? Here are three small business franchises you can launch with $25,000.
Cruise Planners is a franchise company that specializes in selling cruise packages, land-based vacation experiences, car rental facilitation, travel insurance coverage, and more. The company was founded in 1994.
Believe it or not, people still use travel agents, and business is booming. The world is slowly opening up and the cruise industry is slowly getting back to normal.
Moreover, there are many people in the 21st century who still want a travel agent and advisor to make their travel arrangements and plot out every step of their travel itinerary.
You can launch your own cruise planner franchise for as little as $7,000. You will need to attend a weeklong orientation in Florida, but Cruise Planners will reimburse some of your expenses.
As a franchisee, it will be your own responsibility to identify, connect with, and build your consumer base. You will need to be sociable, know how to network, and use social media to your full advantage.
Also, keep in mind that a large demographic of cruise travelers are middle-class and wealthy middle-aged and retired people.
Chester’s chicken franchise
If there is one thing that the Popeye’s chicken sandwich mayhem of a few years ago has taught us, it’s that people are crazy about chicken.
And people are crazy about brands. It’s chicken; but some people are very particular about where they eat it, whether it be KFC, Chick-fil-A, or Popeye’s. As a budding franchisee, it’s your responsibility to take a lesser-known fast-food brand, like Chester’s, and make it a success.
It may cost you a small fortune to franchise with globally known fast-food chicken brands, but you could use your business branding skills to franchise with Chester’s for as little as $25,000.
Chester’s Chicken corporate, in business for over 70 years, will act as your direct wholesaler for all supplies, but franchisees never have to pay royalty fees.
To be successful, you need to carefully research where you would open a Chester’s franchise. You need to research what potential franchise location is optimal to ensure loyal, repeat traffic and regularly entice new customers often.
Colors on Parade
Colors on Parade is a 30-year-old automotive body repair and restoration company that specializes in visiting clients via a mobile shop.
The company offers paint jobs, bumper, scratch, and dent repairs, lease-expiration repairs, and headlight restoration.
Colors on Parade is not a full-service mobile mechanic shop; it offers only light aesthetic repairs and restorations.
As a franchisee, you need to network and or outsource your services with local car owners, rental car companies, used car dealerships, and mechanic shops to guarantee business.